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Green features help to sell homes

21 Apr 2015

More and more home buyers in today’s property market are becoming interested in homes that offer green elements.

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More and more home buyers in today’s property market are becoming interested in homes that offer green elements, and there are a great deal of green products available to homeowners, says Goslett.

This is according to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who says the term ‘green’ home has become somewhat of a buzz word in the housing market, as a growing number of home buyers consider energy efficiency as a highly important factor when searching for the perfect property.

“Buyers are looking for both energy-saving features and environmentally-friendly features...

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NewDERebusAug13Read the latest issue of De Rebus Attorney’s Journal

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Effect of death of an heir

It often occurs that an heir of a deceased testator dies before or after the death of a testator, who died testate or intestate. The question begging an answer is what effect does the death have on the devolution of the inheritance of immovable property bequeathed or inherited by such heir.

Where the testator died testate or intestate and an heir predeceases the testator, the provisions of section 2C(2) of the Wills Act 7 of 1953 or section 1(6) of the Intestate Succession Act 81 of 1987, respectively, apply.

The referred to sections read as follows:

“Section 2C. Surviving spouse and descendants of certain persons entitled to benefits in terms of will.

(2) If a descendant of the testator, whether as a member of a class or otherwise, would have been entitled to a benefit in terms of the p...

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Reporting the estate of a deceased person

A deceased estate comes into existence when a person dies and leaves property and/or a document that is a will or is intended as a will. The estate must then be administered and distributed, either in accordance with the deceased’s will or, if the deceased did not leave a will, in accordance with the provisions of the law. The Administration of Estates Act, 1965, prescribes the procedure to be followed for administering a deceased estate.
The estate of a deceased person must be reported to the Master within 14 days of the date of death. The death can be reported by any person who has control or possession of any property belonging to the estate of the deceased, or who has control or possession of a document by the deceased that is or purports to be a will.

When must a death be reported t...

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Destruction of a scheme

29 September 2011

Section 48 of the Sectional Titles Act 95 of 1986 (the “Act”) provides inter alia that the owners may by unanimous resolution agree to the destruction of the building, comprising a sectional title scheme. Section 49 of the Act, furthermore, provides that where the owners may also by unanimous resolution resolve not to rebuild the building, in which case:

  • the owners shall cease to be separate owners of sections, but shall remain co-owners of the land in undivided shares proportionate to the quotas of the respective sections previously owned by them; and
  • any rights to the extension of the scheme referred to in section 25, together with any mortgage bonds registered over the said rights, shall be surrendered to the registrar for cancellation.

The above two section...

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